The Flooring market was valued around USD 250.12 billion in 2016 and is expected to reach roughly USD 435.67 billion by the end of 2025 while registering itself at a compound annual growth rate (CAGR) of 6.36% during the forecast period, owing to the new trends and innovations in construction solutions and floor designs. The flooring market is extremely competitive with several players presenting a range of flooring solutions around commercial, residential, industrial and other segments. The floor coating industry is being flooded by new styling trends and technological advancements. Lately, end users have been diverting from conventional flooring solutions to eco-friendly and more cost efficient flooring materials like linoleum, cork, bamboo, Polyester (P.E.T) Berber, glass, reclaimed hardwood and rubber. Moreover, rising demand in the construction business along with altering customer lifestyles and increasing demand for insulating materials are likely to drive the global flooring market. Accessibility of ground-breaking construction solutions that are long-lasting and need low maintenance is predicted to strike the market positively. However, a key determining factor for the achievement of flooring solutions is customer awareness and keenness of using the invention. Also, alleged complexity with respect to installation of flooring, they are considered as luxurious and expensive, which could present a challenge to the global market. Rising concern over ecological impact is projected to considerably affect the textile flooring market worldwide. For example, carpets are processed with toxic chemicals for mothproofing and to keep away soil and moisture, which might cause numerous health issues.

Product Outlook and Trend Analysis

The product section is largely categorized into 4 types involving resilient flooring, seamless flooring, non-resilient flooring and soft coverings. Soft coverings are also referred as fabric coverings, and primarily comprise carpets and rugs. This segment conquered the market and described for around 50% of the total market share in 2013. These coverings render numerous benefits such as dust-binding characteristics, noise-reducing effect and also are referred to be excellent insulators furnishing pleasing, comfort as well as warm aesthetics. Resilient flooring is a combination of fillers, color, and binders. Resilient flooring types include wood, cork, rubber, linoleum, asphalt, and vinyl; these are cost effective, durable and need low maintenance. Non-resilient flooring embraces clay tile, ceramic tile, concrete tile, brick, and terrazzo stone. These floors usually withstand several conditions and need only dusting and mopping.

Application Outlook and Trend Analysis

Flooring solutions are employed in commercial, industrial, and residential applications. Due to increasing demand from the construction market and amplified home renovation and improvement projects, the flooring products market for residential applications is anticipated to experience growth over the forecast years. Additionally, increase in demand for flooring solutions all over the residential section could be assigned with changing customer lifestyle and amplified disposable earnings. Commercial applications involve hospitality and leisure, healthcare, corporate, retail, education, sports and other. Growing demand in the construction business is projected to be the major driving factor for the global market over the next few years. Industrial applications comprise manufacturing plants, automotive industry, refineries, aviation hangars, etc.

Regional Outlook and Trend Analysis

Asia Pacific region is anticipated to witness considerable market growth owing to developing infrastructure amenities and rising real-estate industry. Furthermore, the region is projected to witness amplified demand for non-residential and residential building places, which can be credited to the urbanization and population growth. The region described for around 40% of the total market share in 2013. Europe region is also anticipated to witness extensive augment in market demand during the forecast period. This can be credited to the availability of easy installation techniques and ground-breaking construction solutions.

Competitive Outlook and Trend Analysis

Raw material providers, producers, and distributors are major participants in the market value chain. Key companies in the global flooring market include Mohawk, Mannington Mills Inc., Gerflor, Shaw Floors, and Armstrong. The global market is considerably consolidated with extreme competition; technological advancement is expected to be a crucial point for market growth over the forecast years.

The flooring market is segmented as follows –

By Product

Carpets & Rugs

Wood

Resilient

Tiles

Other Products

By Application

Commercial

Industrial

Residential

By Region

North America

U.S

Canada

Mexico

Europe

Germany

France

UK

Italy

Spain

Rest of Europe

Asia-Pacific

Japan

China

Australia

India

South Korea

Rest of Asia Pacific

Rest of the World

Brazil

South Africa

Saudi Arabia

United Arab Emirates

Others

Some of the key questions answered by the report are:

What was the market size in 2016 and forecast from 2017 to 2025?

What will be the industry market growth from 2017 to 2025?

What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?

What are the major segments leading the market growth and why?

Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?

We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

Data Mining

Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

Data Collection Matrix

Data Collection Matrix

Supply Side

Demand Side

Primary Data Sources

Manufacturers

Distributors & Wholesalers

GPOs

Physicians/Specialist

Healthcare Providers

Consumers

Secondary Data Sources

Annual Reports/SEC Filings/ Investor Presentations/ Press Releases

Government/Associations Publications

Case Studies

Reference Customers

Market Modeling and Forecasting

We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.

Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:

Number of patients for particular device or medical procedure and

Repeated use of particular device depending on health and condition of patient

Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.

We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.

Data Validation

We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.

Data Triangulation

Industry Analysis

Qualitative Data

Quantitative Data (2017-2025)

Market Dynamics (Drivers, Restraints, and Challenges)

Industry Trend Analysis

Market Opportunities

Government Policies and Regulations, Patent Analysis, and Reimbursement Policies